CAKE/USDT Secondary trend. Pivot zones. 08 2023Local trend. Logarithm. Time frame 3 days.
Local trend. Work in it Risk Management.
In the local trend at the moment, this coin is interesting to work on, especially since the triangle is almost formed and the dénouement is coming soon. Stops will be quite short in the direction of the breakout.
Take a local profit (probably substantial) and forget once and for all about crypto fantasies and what will happen to the price next. No regrets if you took a relatively small profit and further development of the trend showed an order of magnitude more. In the end, everything can be the opposite, you will be the lucky one who “had time” before the “sunset”. Learn to profit from the market, it is better to take a little bit at a time, limiting risks, than to take potentially large profits (which is what most “sectarians” are waiting for).
A linear price chart with no market noise.
Pivot zones from key liquidity zones.
The main idea and meaning of this idea is to show the logic of working with reversal zones from key resistance support levels, which will determine the further development of the trend. I have shown all possible scenarios of secondary trend development from more probable and logical to less probable, but which have the right to be realized. You should always keep even unlikely scenarios in your mind, even if you do not believe in them. Few people calculate different variants of trend development ahead of time. In most, as a rule, there is one scenario of price movement, but it is built in most cases on the desire that it was exactly as profitable.
Major trend. Time frame 1 week.
CAKE Basic trend. Working with reversal zones. Money management. Read the text in the description of the main trend idea, it's important.
